Curi RMB Capital LLC Buys 7,381 Shares of Walmart Inc. (NYSE:WMT)

Curi RMB Capital LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 43.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,450 shares of the retailer’s stock after purchasing an additional 7,381 shares during the quarter. Curi RMB Capital LLC’s holdings in Walmart were worth $1,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wealthstream Advisors Inc. raised its position in Walmart by 11.1% in the 3rd quarter. Wealthstream Advisors Inc. now owns 3,571 shares of the retailer’s stock worth $288,000 after purchasing an additional 358 shares during the period. KBC Group NV raised its position in Walmart by 1.8% in the 3rd quarter. KBC Group NV now owns 1,181,078 shares of the retailer’s stock worth $95,372,000 after purchasing an additional 20,987 shares during the period. Huntington National Bank raised its position in Walmart by 3.2% in the 3rd quarter. Huntington National Bank now owns 1,611,608 shares of the retailer’s stock worth $130,138,000 after purchasing an additional 50,053 shares during the period. ROI Financial Advisors LLC raised its position in Walmart by 12.4% in the 3rd quarter. ROI Financial Advisors LLC now owns 39,026 shares of the retailer’s stock worth $3,151,000 after purchasing an additional 4,314 shares during the period. Finally, Plato Investment Management Ltd raised its position in Walmart by 0.4% in the 3rd quarter. Plato Investment Management Ltd now owns 97,329 shares of the retailer’s stock worth $7,851,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last three months. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMT. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Melius Research began coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $85.18.

Walmart Trading Down 0.2 %

Shares of NYSE WMT opened at $84.27 on Friday. The firm’s 50 day moving average price is $81.14 and its 200-day moving average price is $72.62. The company has a market cap of $677.38 billion, a PE ratio of 43.81, a P/E/G ratio of 4.22 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.